Evidence of fixed assets by Brazilian subnational governments

Abstract

Objective: To analyze the evolution of the accounting treatment given to fixed assets by Brazilian public sector entities in the face of the process of convergence of Brazilian Accounting Standards to international standards. Methodology: Descriptive, qualitative and with the use of bibliographic and documentary survey through the examination of financial statements and explanatory notes of all states of the Brazilian region in the period between 2015 and 2019. Results: Were considered few satisfactory in relation to the items surveyed due to low adherence (55%) and non-adherence (33.33%) of the data analyzed to the standards examined, demonstrating that informational asymmetry persists to stakeholders, so harmful to public transparency and accountability. The lack of information regarding depreciation methods, fixed assets offered as collateral, contractual commitments in the acquisition of assets and indemnification of third parties for asset items were noted. Study Contributions: To know the main changes and gains in the convergence process, with the standardization of accounting procedures in relation to the standards examined those deals with fixed assets, as well as the results of the evolution of the evidence process and the main challenges in meeting this standard.

Keywords

• fixed assets. brazilian accounting standard. convergence. ipsas.